IMS Capital Management Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

IMS Capital Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,822 shares of the semiconductor manufacturer’s stock after buying an additional 3,278 shares during the period. IMS Capital Management’s holdings in Advanced Micro Devices were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMD. Creative Planning increased its position in shares of Advanced Micro Devices by 18.4% during the 3rd quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock valued at $66,674,000 after purchasing an additional 67,973 shares during the last quarter. Swedbank AB boosted its stake in Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after buying an additional 17,446 shares during the period. Magnus Financial Group LLC bought a new position in Advanced Micro Devices during the third quarter valued at $216,000. ERn Financial LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $247,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $373,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $111.81 on Friday. The firm has a market capitalization of $181.19 billion, a PE ratio of 112.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The business’s 50-day moving average is $121.53 and its two-hundred day moving average is $139.12. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMD shares. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Piper Sandler dropped their target price on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Bank of America reduced their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Finally, Citigroup downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.